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Metropolitan Wastewater Management Commission Reserves <br /> <br /> AMENDED <br />CAPITAL RESERVE BUDGET <br /> FY 04-05 <br />Beginning Balance $5,546,259 <br />Transfer From Operating Reserve 3,000,000 <br />Interest 200,911 <br />Revenue Bond Proceeds 7,750,000 <br />Bond Sale Expense 0 <br />Bond Insurance 0 <br />Xfer to Fund 612 0 <br />Funding For Capital Outlay (250,000) <br />Funding For Major Rehab (447,000) <br />Funding For CIP (11,138,356) <br />Ending Balance $4,661,814 <br /> <br />EQUIPMENT REPLACEMENT RESERVE <br /> <br />The Equipment Replacement Reserve accumulates replacement funding for three types of <br />equipment: 1) major/stationary equipment items costing less than $200,000 with useful lives of <br />20 years or less; 2) fleet vehicles maintained by the Eugene Wastewater Division; and 3) <br />cOmputers that serve the Eugene Wastewater Division. Contributions to the Equipment <br />Replacement Reserve in the FY 05-06 budget total $6,979,211. Additional budget detail is <br />provided below. <br /> <br /> EQUIPMENT REPLACEMENT RESERVE FY 04-05 <br /> <br /> Beginning Balance $0 <br /> Annual Equipment Contribution $8,972,240 <br /> Annual Vehicle Contribution $221,719 <br /> Annual Computer Contribution $142,173 <br /> Interest $26,213 <br /> Equipment Purchases $275,998 <br /> Ending Balance $9,638,343 <br /> <br /> SYSTEM DEVELOPMENT CHARGE (SDC) RESERVES <br /> <br />SDCs are required as part of the MWMC IGA. They are connection fees charged to new users to <br />recover costs associated with construction of plant capacity, and are limited to funding Capital <br />Programs. The purpose of the SDC Reserve is to collect and account for SDC revenues <br />separately from other revenue sources, in accordance with statutory requirements. Since 1997, <br />the Commission has maintained an SDC structure that is a combination of "Reimbursement" <br />and "Improvement" fee components. Estimated SDC revenues for FY 05-06 total $1,774,800. <br />Budgeted FY 05-06 Capital costs to be paid with SDCs are $3,325,000. The projected beginning <br /> <br /> Review Draft April 21, 2005 Page 40 FY 04-05 BUDGET AND CIP <br /> <br /> <br />